Re: Student Loan Rehabilitation And The Effect On Tradelines

Yah, that's pretty odd.... I accessed it on the 19th and checked my account with no problems what so ever. I tried to login just now and I'm getting an error page. One thing about that site is they do a LOT of maintenance for some reason. But it worked fine the other day. Guess it's just hit or miss.

Re: Student Loan Rehabilitation And The Effect On Tradelines

UPDATE!!!!!!!!

ITS FINALLY HAPPENED!!!! I got 3 alerts this morning from equifax on my cell phone when I woke up.....All said "change to exisiting account". I logged in and to my surprise 3 TL's changed to from "120 days late" and "seriously delinquent" to "PAID AS AGREED" dated back to 2004. I am so excited I don't know what to do. I havent checked my score yet....I'm too nervous too. I'm afraid it might not be the big jump I was waiting for and I'll be dissapointed, but I'm gonna have to do it for everyone here who has taken this journey with me....lol. I 'll just have to suck it up. MORE TO COME...........

Re: Student Loan Rehabilitation And The Effect On Tradelines

ch8ngeurstars wrote:

UPDATE!!!!!!!!

ITS FINALLY HAPPENED!!!! I got 3 alerts this morning from equifax on my cell phone when I woke up.....All said "change to exisiting account". I logged in and to my surprise 3 TL's changed to from "120 days late" and "seriously delinquent" to "PAID AS AGREED" dated back to 2004. I am so excited I don't know what to do. I havent checked my score yet....I'm too nervous too. I'm afraid it might not be the big jump I was waiting for and I'll be dissapointed, but I'm gonna have to do it for everyone here who has taken this journey with me....lol. I 'll just have to suck it up. MORE TO COME...........

Re: Student Loan Rehabilitation And The Effect On Tradelines

Ok.......so far I am seeing a 70 pt increase in my equifax score but this is not my Fico. I am going to wait until November 1st to update all my monitoring accounts and check the current scores including my Fico At that time. The reason is because I literally just got an email from equifax notifying me of three TL deletions. The email also had a contact number I could call and I did. The person I spoke with told me to wait until the 1st because their systems are still calculating my score and there are several more TL's that will possibly need to be deleted. Needless to say I am one happy camper right now and I can't wait until the 1st. I will update all my scores on the bottom at that time. BTW my situation is proof that private loan TL's get deleted from your CR's also....not just loans that originated from Federal Direct Loans.

Re: Student Loan Rehabilitation And The Effect On Tradelines

Well I got my account all set up with Nelnet and spoke to them on the phone. They offered me a graduated payment plan which dropped my monthly payments from $240 a month down to $127 a month! This is going to be a big relief, they were extremely nice and helpful as well. So far my EQ score has jumped up nearly 20 points, but I don't think everything has been updated yet. I'm going to wait a little while before I check a report, after all it's only been 20 days since they sent the request for deletions to the credit bureaus. I'm very surprised at how smooth this has actually all gone, it's nice for a change.

Re: Student Loan Rehabilitation And The Effect On Tradelines

USA Funds is already off my credit report. I don't know when that happened, since USAA stopped daily pulls and I was not in the mood to pay more for it. My FAKOs increased dramatically. As of Nov 2, my FICO went up about as much as a normal monthly increase. A little disappointing because...

I'm about to get hit with at least one new tradeline.. Bought a brand new car (got exactly what I wanted and financing was no issue. still don't know my financing company or APR, but they let me drive the car outta there!!! I guess my $7k downpayment helped! haha).

I do NOT have a new Sallie Mae tradeline on my CR yet. I don't know if it will also be a new TL, if it will be a backdated TL, or if they will pick back up on their original TL.

So between NSLDS and my CR, it looks like Sallie Mae is the one that is lagging.

Re: Student Loan Rehabilitation And The Effect On Tradelines

ch8ngeurstars wrote:

UPDATE!!!!!!!!

ITS FINALLY HAPPENED!!!! I got 3 alerts this morning from equifax on my cell phone when I woke up.....All said "change to exisiting account". I logged in and to my surprise 3 TL's changed to from "120 days late" and "seriously delinquent" to "PAID AS AGREED" dated back to 2004. I am so excited I don't know what to do. I havent checked my score yet....I'm too nervous too. I'm afraid it might not be the big jump I was waiting for and I'll be dissapointed, but I'm gonna have to do it for everyone here who has taken this journey with me....lol. I 'll just have to suck it up. MORE TO COME...........

Wow, that's awesome. Who was your original lender?? Did your original lender pick up your loan and fix your original TL??

I am anxious to get this TL removed. I am expecting another 40 point rise. The new TL will not help because I have installment loans reporting. I am hoping that they report "paid as agreed" from the initial loan opening. If they report "new", my AOA will drop because I will have 3 "new accounts".

I have a power utility reporting on EQ. I had this open for 22 years. This raised my AOA to about 8 years. My TU AOA is only 4 years because Power Utility does not report to TU. This costs me 7 points by the way. So I am expecting to lose another 10 points (net gain 30 points) on TU due to AOA dropping.

Re: Student Loan Rehabilitation And The Effect On Tradelines

Backdated to my original consolidation loan (2007). EQ shows a whole bunch of OKs in the months past. EX just shows one OK in October.

Nothing happening with my old loans. They all still say in default too. I'm going to keep giving it time.

USAA is confusing all the TLs too. I have the defaulted loans on the same line as the rehabbed loans. Annoying. The account numbers aren't the same... I don't get it.

Anyway, that's my only update. My FICO did just jump about 13 points. Can't really attribute that to anything right now. I need to pull a new Score Power report and see what is going on. December/January FICO scores should be interesting. 2 years with a completely clean report, and 2 current installment loans!! (Student Loan and new car loan)

Once I pay off my car (~3 years), I'm paying off my student loan as fast as possible. Currently paying just $20 above the minimum... Need to replenish my savings account after my huge car downpayment.

Re: Student Loan Rehabilitation And The Effect On Tradelines

Man I wish I would have defaulted on my student loans. I have so many months of 120 day lates while I was making payments. Nelnet denied a forbearance request, said I had met time limits, and I did not find out till they called 6 months later and told me I was about to default. Big thanks fellas. No email, letter, etc. My fault for not logging in and checking my loan status every month. (I login 3-4 times a month now.) Well, I accrued something like 19 late payment remarks. Most of which I got while I was making payments. I finally caught up. I should have just defaulted.

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FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.